BigstockResurgent Bangladesh, a platform to help Bangladesh devise strategies and policies for economic recovery following Covid-19, organized the dialogueBusiness leaders and experts on Sunday stressed the importance of enhancing private investment to improve the business climate so as to help Bangladesh meet its development needs and devise an effective revival from the shock of Covid-19. Member of Parliament Nahim Razzak said the Ministry of Foreign Affairs recently formed a dedicated unit to support trade and investment initiatives. Executive Chairman of BEZA, Maj Gen Salahuddin Islam, hinted that the bold stimulus and the labor cost advantage will help Bangladesh tap into greater private investments. Managing Director of Apex Footwear, Syed Nasim Manzur, suggested that weaknesses in customs and logistics, and foreign exchange regimens, create a colossal burden for both local and foreign private investors, and that this requires an immediate overhaul. Managing Director and CEO of Unilever Bangladesh, Kedar Lele, emphasized opportunities to tap into South Asia’s intra regional trade and investment prospects.

Source: Dhaka Tribune July 12, 2020 14:15 UTC